European Stars And Stripes (Newspaper) - June 19, 1986, Darmstadt, Hesse Page 14 the stars and stripes thursday june 19,1986 Sfa fue of Liberty coins greeted with enthusiasm for All of Yon who Hare purchased the suture of Liberty $1 and or half Dollar thin Story to Leonard Sloan of the new York times should nuke your Day. The article bean out Whit l e been Nyling these coins arc a Good Bay de Coo her Coin editor. New York ask Douglas Bowsky customer service manager of the scars. Roebuck & co. Store in Brooklyn Abo statue of Liberty coins and he respond with enthusiasm. The coins Are doing very he said. The initial shipment came in and we had 10 go Back and order Bowsky was talking about the special coins minted by the Treasury to commemorate the 1986 statue of Libert Centennial. With a portion of the Pur Chase Price used for restoring the statue and Ellis Island these pieces represent the first time that the statue has appeared on american coinage. Millions of the coins Are being sol through the mail by the . Mint or at 16,000 Bank branches and 3,500 depart ment stores. Not Only Are they keepsakes they arc also Legal Lender. Two coins Are on Sale Silver Dol Lars for 124 each and Copper Nickel allay half dollars for $7.50. The 500,000 Gold coins with a face value of j5, were quickly sold out for 1175 Nicce. Many sets of ill three coins were purchased for the same Price in the first Stajic of the program before Bank and store Sal seven began. Of course individuals have Many Rea sons for buying the coins helping the statue restoration crying As a memento of the historic occasion and giving As gifts 10 family and friends. Undoubtedly Many people intend in collect the coins with the Hope of later Selling them at a profit. No one can anticipate with certainty however whether paces of the collectible Silver Liberty coins will Rise or fall in the years ahead. Gerald Burnan senior numismatist of Manfra Tordilla & Brookes a leading Coin dealer in new York said "1 think it will Lake a number of years before these things appreciate to any serious amount of Money commemorative coins often prize As collectibles have their origins in ancient Greece and Rome. Their Nis tory in the United states dates to the half Dollar minted at the end or the 19thcentury for the world columbian exposition in 1893. Forty five other commemorative issues have been authorized by Congress since then including two indecent years the 1982 commemorative on the 2ioth anniversary of George Washington s birth and the 1984 olym Pic coins. Most of the 110 Gold coins issued two Yean ago in Honor of the olympic games now Are available at a Large Premium Over their Issue Price of $352. Prices today Range Between Shioo and $700, except for those minted at West Popini which Are Selling near the original Price because of the Large number of coins issued there according to Bauman. Horace Burnett director of the Liberty Coin program at the Treasury was re Tail director of the olympic Coin pro Gram and Hopes that a similar appreciation will occur with the Liberty variety. A product like this is timely and the Price is right he said. If you be looked at prices of the other Liberty Memorabilia these prices compare very Favora Lyon Price and Burnett added that sales of the Gold and Silver olympic coins amounted to $72 million. This program is dramatically differ ent and has a great Deal More mass a peal he said. There were fewer ban branches and no department store sales then. Selling he coins Over the counter has tremendous prices of the Gold Liberty coins have already risen substantially from the $ 75 level at which they were issued late last year and Early this year Harvey stack of Slacks another Lar a new York dealer said that proof coins were Selling for close to $500 and uncirculated coins were available for about j700. Some retailers Are even Selling the Coin As jewelry encased in Gold and diamonds for$2.495. Proof coins Are the higher Quinli to of Coin with a frosted finish while uncirculated coins arc not As highly polished. The reason that uncirculated Gold Liberty coins Are priced higher than proof coins is that fewer were minted about 95,000 uncirculated compared with 105.000 proof. The closer we gel to the statue of Liberty s 100th anniversary the excite ment May push the Price higher stack said. But sometimes this enthusiasm wanes after the event Liberty coins Are not the Only Coin of Fering these Days capitalizing on the excitement that will culminate on the fourth of july. For instance France has minted Loo franc Gold and Silver Laluo of Liberty coins with Many being marketed in the United states. The opening prices in proof Are $450 for the Gold and $75 for the Silver although they Are available Only As a set. Us a withdraws theater festival funds Washington up the . Information Agency withdrew a 145,000 Grant from a Baltimore theater festival became of the organizers decision to drop a British production of animal farm a spokesman said. 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